Social media giant Twitter will enable cryptocurrency options in its tip jar, allowing any user to pay through the platform.
In a blog post Thursday, Twitter staff product manager Esther Crawford said the crypto tips feature will be available to all iOS users globally, and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay and Wealthsimple Cash — depending on their region — to the bios their Twitter feed and individual Tweets to get funding. .
“We want everyone on Twitter to have access to ways to get paid,” Crawford said. “Digital wallets that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible – help us get there.”
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In addition to related services, Twitter tips are available for use through the Bitcoin (BTC) Lightning Network, which sends payments using the Strike app, or by adding a BTC address directly to one’s profile. “Twitter doesn’t get a cut,” according to Crawford.
Twitter CEO Jack Dorsey previously hinted that a BTC tip option was in the works when the social media firm revealed that its “Tip Jar” concept was designed to enable platform users to reward content creators at the touch of a button. He has also discussed Square’s plans to build a decentralized exchange for Bitcoin.
